SHIM

Spruce House Investment Management’s Wayfair W Stock Holding History

Spruce House Investment Management’s Portfolio W Stock Details W Fund Activity

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$153M	Buy	3,000,000 +819,615	+38%	+$41.9M	5.66%	5
2025 Q1	$69.8M	Hold	2,180,385	–	–	3.63%	7
2024 Q4	$96.6M	Sell	2,180,385 -456,615	-17%	-$20.2M	3.55%	5
2024 Q3	$148M	Hold	2,637,000	–	–	7.26%	5
2024 Q2	$139M	Hold	2,637,000	–	–	9.16%	5
2024 Q1	$179M	Sell	2,637,000 -1,013,000	-28%	-$68.8M	12.87%	4
2023 Q4	$225M	Hold	3,650,000	–	–	17.7%	2
2023 Q3	$221M	Hold	3,650,000	–	–	19.65%	2
2023 Q2	$237M	Hold	3,650,000	–	–	27.12%	2
2023 Q1	$125M	Hold	3,650,000	–	–	24.53%	1
2022 Q4	$120M	Buy	3,650,000 +150,000	+4%	+$4.93M	31.84%	1
2022 Q3	$114M	Hold	3,500,000	–	–	20.54%	2
2022 Q2	$152M	Hold	3,500,000	–	–	22.01%	1
2022 Q1	$388M	Sell	3,500,000 -1,300,000	-27%	-$144M	22.42%	2
2021 Q4	$912M	Hold	4,800,000	–	–	28.6%	1
2021 Q3	$1.23B	Hold	4,800,000	–	–	31.77%	1
2021 Q2	$1.52B	Hold	4,800,000	–	–	36.08%	1
2021 Q1	$1.51B	Hold	4,800,000	–	–	43.33%	1
2020 Q4	$1.08B	Sell	4,800,000 -2,450,000	-34%	-$553M	33.17%	1
2020 Q3	$2.11B	Hold	7,250,000	–	–	11.42%	1
2020 Q2	$1.43B	Hold	7,250,000	–	–	19.21%	1
2020 Q1	$387M	Buy	7,250,000 +250,000	+4%	+$13.4M	24.46%	2
2019 Q4	$633M	Buy	7,000,000 +2,750,000	+65%	+$249M	20.65%	2
2019 Q3	$477M	Buy	4,250,000 +500,000	+13%	+$56.1M	17.24%	2
2019 Q2	$548M	Hold	3,750,000	–	–	20.57%	2
2019 Q1	$557M	Hold	3,750,000	–	–	20.46%	2
2018 Q4	$338M	Hold	3,750,000	–	–	15.56%	2
2018 Q3	$554M	Hold	3,750,000	–	–	18.22%	2
2018 Q2	$445M	Buy	3,750,000 +250,000	+7%	+$29.7M	16.29%	3
2018 Q1	$236M	Buy	3,500,000 +1,000,000	+40%	+$67.5M	10.37%	4
2017 Q4	$201M	Hold	2,500,000	–	–	9.79%	5
2017 Q3	$169M	Hold	2,500,000	–	–	10.88%	5
2017 Q2	$192M	Hold	2,500,000	–	–	13%	4
2017 Q1	$101M	Buy	+2,500,000	New	+$101M	8.69%	5